China Merchants Port Holdings Co.Ltd.

2024

Industry Champions of the Year

China Merchants Port Holdings Co.Ltd.

Industry Champions of the Year

2024

ABOUT China Merchants Port Holdings Co.Ltd.

Advancing a New Era of Logistics

“China Merchants Port Holdings Co. Ltd. dominates the logistics sector through continuous innovation, industry leadership, and a commitment to high, sustainable standards.”

Hong Kong’s China Merchants Port Holdings Co. Ltd. (CMPort), established in 1991, is a trailblazer in port development and integrated logistics solutions. Its recognition as one of the ACES Awards’ Industry Champions of the Year attests to the company’s industry leadership, sustained innovation, and commitment to high standards, acknowledging CMPort’s resilience in evolving with global shifts and its influential role in the logistics sector regionally and globally.

As a global port developer, CMPort operates an extensive network spanning 46 ports in 26 countries and six continents, in line with the company’s ambition to become a world-leading comprehensive port service provider. With major hubs located in Mainland China and key overseas locations across Asia, Africa, Europe, and the Americas, CMPort delivers integrated maritime logistics, port management, and bonded logistics services tailored to complex trade demands.

CMPort’s success is rooted in its ability to build seamless, efficient, and environmentally responsible operations. The company continually upgrades its proprietary port operating systems, offering cutting-edge solutions that boost operational productivity and service quality across its port network. Through significant investments in digital transformation, the company has built an impressive technological infrastructure that includes a smart management platform (SMP) and comprehensive digital port ecosystem, supporting an efficient logistics backbone that meets global standards.

CMPort’s strategic emphasis on endogenous growth and continuous innovation has allowed it to adapt to changing global markets. Despite economic volatility and geopolitical challenges, the company has expanded its capabilities by refining port operations and embracing new technology. The implementation of CMPort’s CMCore and CM ePort systems exemplifies its forward-thinking approach, leveraging advanced data analytics to optimise port activities, reduce operational costs, and enhance security and transparency.

Through substantial research and development, CMPort has also achieved significant progress in green and smart ports. Projects such as the Mawan Smart Port, a green and low-carbon smart port that is empowered by advanced technologies like artificial intelligence, 5G, and blockchain, reflect CMPort’s dedication to sustainability and technological advancement, further bolstering the company’s innovative prowess in logistics.

In 2023, CMPort maintained resilience in a challenging economic landscape, with the company recording HK$11.48 billion in revenue and handling a substantial throughput of 137.48 million twenty-foot equivalent units (TEUs), reflecting consistent growth despite market fluctuations​. CMPort’s adaptive strategies have enabled it to manage risks effectively and ensure operational stability. By divesting from less profitable ventures, such as its 45% stake in Ningbo Daxie China Merchants International Terminals, CMPort has been able to reallocate resources to more promising opportunities, optimising its asset portfolio and strengthening cash flows.

Environmental, Social, and Governance (ESG) initiatives are at the heart of CMPort’s operational model, having achieved a two-notch improvement in its MSCI ESG rating, from CCC to BB. This reflects CMPort’s proactive approach to sustainable development and social responsibility, including projects like the Human-Elephant Co-existence initiative in Sri Lanka and sea turtle conservation in Togo​. Furthermore, CMPort’s Smart Management Platform facilitates resource-efficient operations across its global network, helping the company contribute to global green shipping efforts and uphold its environmental commitments.

CMPort’s strategic alliances and international ventures have played a key role in its sustained growth. A noteworthy expansion in 2023 was the acquisition of a 51% stake in Indonesia’s PT Nusantara Pelabuhan Handal Tbk, marking CMPort’s entry into Southeast Asia’s fast-growing market. Additionally, CMPort’s South Asia Commercial and Logistics Hub (SACLH) project in Sri Lanka exemplifies its dedication to strengthening its footprint in South Asia. These initiatives enhance CMPort’s influence and capacity to serve emerging markets with robust trade potential, supporting its objective of creating a sustainable port network that benefits local economies​.

As it moves forward, CMPort remains focused on enhancing digital and green technologies to improve its competitive edge. The company is committed to establishing a fully connected, efficient logistics network that complements China’s economic growth strategies, contributing to the development of digital and green ports worldwide. CMPort’s multi-faceted approach to innovation, global partnerships, and ESG principles sets it apart as an industry leader and this recognition underscores its strategic value in shaping the future of global trade and logistics.

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YOUNG ENTREPRENEUR OF THE YEAR

BY INVITATION ONLY
This award recognises an entrepreneur who is 40 years or below and has shown exceptional business performance, having built a name for themselves regardless of boundaries that may come with age. He/she embodies fine values, strong beliefs and unwavering dedication in their entrepreneurial pursuit, thus serving as an inspiration for aspiring young leaders.